Page 13 of Axis Bank

Addressing queries from analysts on the impact of sustained attrition on the deal value, Amitabh Chaudhry, CEO of Axis Bank, said: “When assets get transferred to Axis on the LD1 date (9-12 months down the line), metrics will be looked at and purchase consideration will be assessed again based on assumptions made earlier.”

Deal value to be re-assessed if attrition is higher: Axis Bank

After Axis Bank negotiated the deal in June 2021, Citi has continued to lose customers. During a call with analysts…

March 31, 2022 05:00 IST

Axis Bank snaps up Citi’s consumer biz for $1.6 billion; deal may be closer in 9-12 months

The deal, which will give Axis Bank access to three million new customers, is likely to be closed over the…

March 31, 2022 03:40 IST

The gauge for bank stocks, Bank Nifty, gained 2.4% during the same period. Shares of Kotak Mahindra Bank has declined 1.8% since January.

Axis Bank gains 1.7%, shines on Bank Nifty

All the Bank Nifty constituents, barring Axis Bank, ICICI Bank and SBI, have lost value during the week, with IDFC…

March 31, 2022 01:00 IST

Axis Bank, Citigroup, credit cards business

Citibank to sell retail business to Axis Bank in $1.6 bln cash deal; no immediate impact on Citi’s customers

Citi said the deal includes its NBFC’s consumer business, comprising commercial vehicle and construction equipment loans, as well as the…

Updated: March 30, 2022 16:38 IST

Axis Bank set to announce Citi cards biz acquisition today

The deal was earlier understood to be worth around $2 billion, but the final value could be lower, sources close…

Updated: March 30, 2022 10:59 IST

Reserve Bank to maintain status quo at April meet: Axis Bank Chief Economist

Bhattacharya said he had earlier expected a tightening action at the policy meet scheduled for April 6-8 but the increased…

March 28, 2022 13:59 IST

Sebi imposes Rs 5 lakh fine on Axis Bank

The showcause notice issued to Axis Bank on March 2, 2021, alleged that bank had acted as a lead manager…

Updated: March 25, 2022 08:58 IST

Axis Bank says no decision yet on buying Citi’s India retail business

Axis Bank is understood to be the frontrunner to take over the US lender’s retail business in India.

March 8, 2022 01:45 IST

It leverages philanthropic capital and public sector resources, to offset barriers for commercial investments in small and medium health enterprises.

Axis Bank commits USD 150 mn loan to healthcare sector

“Under this partnership, Axis Bank will provide affordable finance of up to USD 150 million through SAMRIDH, to support health…

March 3, 2022 18:10 IST

Axis Bank-Citi deal for cards business may come this week

Citi has been consistently losing credit card customers since the global bank expressed its intention to exit the retail business.

March 1, 2022 04:00 IST

Axis-Karvy: Supreme Court upholds Securities Appellate Tribunal order quashing NSE directive

Senior counsel Shyam Divan and counsel Ankul Saigal, appearing for the bank, argued that Karvy owed it Rs 165 crore…

February 15, 2022 01:45 IST

Axis Bank, SAIL, Adani ports, stocks to buy

Axis Bank, SAIL, Adani Ports among top stocks to buy post Budget 2022; Sensex, Nifty look positive

The overall Budget 2022 outcome was positive. The kind of focus put on infrastructure in this year’s budget was extremely…

February 2, 2022 09:23 IST

With crucial comfort on equity sanctity, franchise strength and likely medium-term credit cost unwind, Axis remains amongst our top banking picks representing ‘smart beta’. Maintain ‘Buy’ with TP of Rs 1,000 (unchanged).

Axis Bank Rating ‘Buy’; Firm’s initiatives yielded gains in Q3

Equity sanctity has increased; ‘Buy’ retained with TP of Rs 1,000; a quality banking pick

January 29, 2022 04:15 IST

home loan, housing loan, home loan interest rates,

Home Loan: Is this an ideal time to opt for a balance transfer?

This could be an ideal time to opt for a balance transfer especially for anyone who has bought a home…

January 28, 2022 19:23 IST

Axis Bank, Future Retail, Zomato, Paytm, SBI Cards, Vodafone Idea among stocks in focus today

Ahead of Tuesday’s session global markets were mixed as Asian stock indices were down in red while US markets ended…

January 25, 2022 08:11 IST

The credit card spend of the bank rose by 52 per cent from a year ago. (File)

Axis Bank posts three-fold rise in Q3 net profit on dip in provisions

The lender registered 18 per cent year-on-year growth in retail loans, 20 per cent growth in SME loans and 13…

Updated: January 24, 2022 21:41 IST

HUL, Axis Bank, Lupin among top technical stocks to buy; Sensex, Nifty look to remain volatile in near-term

The market is volatile and will remain volatile in the near future hence level based trading would be the ideal…

January 19, 2022 08:43 IST

Citi has been in India for decades and was among the first bank to introduce Indians to credit cards in 1987. (File)

Axis Bank closing in on Citi India’s consumer business, say sources

Kotak Mahindra Bank is still in the race but has submitted a lower bid than Axis Bank so ranks second…

January 17, 2022 20:35 IST

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Page 13 of Axis Bank

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